• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Enterprise

Facebook Now Has Over 1.7 Billion Monthly Users Even As Its Q2 Revenue Beats Expectations

Paul Balo by Paul Balo
July 29, 2016
in Enterprise, Internet, Social Media
Share on FacebookShare on Twitter

Facebook continues to rise in revenue and profits even in the second quarter of this year. Well you may have been seeing references to big tech money in the past week or so on TechBooky and this is because it’s reporting season in the United States. This means some of our favourite tech companies are reporting. Microsoft reported upbeat earnings as a result of growth of its cloud services.

Facebook reported revenue of $6.44b/2.3tr Naira and 84 percent of that money came from adverts at $6.24b/2.2tr Naira. Facebook provided just what numbers lead to the numbers;

  • Daily active users (DAUs)– DAUs were 1.13 billion on average for June 2016, an increase of 17% year-over-year.
  • Mobile DAUs– Mobile DAUs were 1.03 billion on average for June 2016, an increase of 22% year-over-year.
  • Monthly active users (MAUs)– MAUs were 1.71 billion as of June 30, 2016, an increase of 15% year-over-year.
  • Mobile MAUs– Mobile MAUs were 1.57 billion as of June 30, 2016, an increase of 20% year-over-year.

It was just this time last year that Facebook crossed the 1.5 billion user mark which represent about half of the entire world internet population and now it has added 200 million more to that number to make it 1.7 billion. Mobile users represented nearly 90 percent of the entire monthly active users.

With the results, Facebook is now valued at $362.7b/130tr Naira according to the chat below by USA Today. This also makes Facebook the fifth biggest company in the US by market value as of today.

With this, the company is now bigger than Exxon Mobil in the US. The obvious reason for this is the low oil price which has now affected major oil companies across the world.

USA today top companies

Related Posts:

  • Pinterest Reports Impressive Quarterly Results, The Positive Sign Needed By Investors
    Pinterest Reports Impressive Quarterly Results, The…
  • whatsapp growth chart BI
    Meta Reports Another Disappointing Quarter, Issues…
  • Meta Posted A Great Q1 2023 Putting Their Stock On The Rise
    Meta Posted A Great Q1 2023 Putting Their Stock On The Rise
  • Meta Reports Disappointing Second Quarter Earnings Report
    Meta Reports Disappointing Second Quarter Earnings Report
  • Adam
    Snap Reports Disappointing Third-quarter Results,…
  • 97414320_fb
    Microsoft Q1 Earnings Exceed Expectations On Cloud Growth
  • Meta Surpasses Expectations, Announces Dividend For First Time Ever
    Meta Surpasses Expectations, Announces Dividend For…
  • Oracle Reports 18 Percent Revenue Growth In Its…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: facebooksocial mediatech earnings
Paul Balo

Paul Balo

Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • AI Helps Google One Reach 150 Million Subscribers May 16, 2025
    • FT Lists Paymenow, TymeBank & Omnisient Among Africa’s Fastest-Growing Firms May 16, 2025
    • MoonPay and Mastercard Partner to Advance Stablecoin Payments May 16, 2025
    • Google Gemini Advanced Users Can Now Link to GitHub May 16, 2025
    • TikTok Accused of Violating EU Internet Content Rules May 15, 2025
    • Activists and Users Criticize NCC & Telcos Over Customer Penalties May 15, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    Recent News

    AI Helps Google One Reach 150 Million Subscribers

    AI Helps Google One Reach 150 Million Subscribers

    May 16, 2025
    FT Lists Paymenow, TymeBank & Omnisient Among Africa’s Fastest-Growing Firms

    FT Lists Paymenow, TymeBank & Omnisient Among Africa’s Fastest-Growing Firms

    May 16, 2025
    MoonPay and Mastercard Partner to Advance Stablecoin Payments

    MoonPay and Mastercard Partner to Advance Stablecoin Payments

    May 16, 2025
    Google Gemini Advanced Users Can Now Link to GitHub

    Google Gemini Advanced Users Can Now Link to GitHub

    May 16, 2025
    TikTok Accused of Violating EU Internet Content Rules

    TikTok Accused of Violating EU Internet Content Rules

    May 15, 2025
    Activists and Users Criticize NCC & Telcos Over Customer Penalties

    Activists and Users Criticize NCC & Telcos Over Customer Penalties

    May 15, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok